Capita Group PLC
4 June 2001
4 June 2001
CAPITA TO HOLD BUSINESS BRIEFING MEETINGS
4TH & 5TH JUNE 2001
The Capita Group Plc ('Capita'), one of the UK's leading professional support
services organisations, is holding a Business Briefing in London on 4th June
for Institutional Investors and on 5th June for Analysts. Around 100 people
will be attending the events.
Capita will give a review of current trading across major contract wins,
incremental business growth and acquisitions which will show strong
performance across all fronts. In the case of contract wins, the Group has
now won over £720m of new contracts in the first 5 months of the year (£700m
full year 2000). Overall, it will be reported that as at the date of the
Briefing, the Group forecasts revenue growth for 2001 of 49%, with underlying
organic growth of 27%. Cash generation also continues to be strong.
The Briefings will cover four areas including:
i) recent contract wins, the status of implementation of major
contracts and the structure in place to deal with growth going forward.
Information will also be given on the plans to integrate the UK business of
McLarens Toplis, the UK's second largest loss adjusting company, with Capita's
existing insurance business following an announcement of the acquisition of
the company by Capita on 29th May;
ii) an update on the Education market and the Group's capabilities
within it, including further information on Capita's contract, recently
announced, worth £107m over 7 years to introduce the Connexions Card to 2.4m
16-19 year olds in England. There will also be a presentation on the business
development opportunities at a national, local and schools level together with
an update on the development of Capita's Education Portal;
iii) an outline of the approach and development of the Group's
private sector business based on the cross-selling and integrated offerings of
its wide range of business services to existing and new customers. In
particular, examples will be presented of Consumer Direct and its use and
application in the market;
iv) a session on service enhancement involving on 4th June the
Chief Executive of Blackburn with Darwen, talking about Capita's 15 year
contract with the Authority. On 5th June, Sir Michael Bichard, formerly the
Permanent Secretary of the DfEE, will speak on the need for modernisation of
central government services.
Further briefings will be made on the day with regard to recently announced
deals including:
i) confirmation of the appointment of the Group as preferred
strategic partner to the London Borough of Croydon to lead the development of
an integrated gateway for the public to access services to the Authority. The
seven year contract worth approximately £100m will involve the transfer of a
number of existing services and involve the creation of an advanced customer
contact centre;
ii) confirmation of the signing this week of the contract with
Blackburn with Darwen Borough Council for a deal worth £205m over 15 years.
At Capita's AGM, it was announced that this contract was expected to be worth
£190m.
-ENDS-
For further information:
The Capita Group Plc 020 7799 1525
Rod Aldridge, Executive Chairman
Paul Pindar, Chief Executive
Shona Nichols, Group Marketing Director
Press Office 020 7544 3141
Issued by
Hogarth Partnership 020 7357 9477
John Olsen/James Longfield
Notes to Editors
The Capita Group Plc is one of the largest and fastest growing professional
support services organisations in the UK. Capita provides an integrated range
of professional support services on long-term contracts across the private
sector, local and central government and education in the UK. With over
11,000 people working across a network of over 120 sites, generating a
turnover in excess of £450 million, Capita's achievements promoted it to the
FTSE 100 in 2000. Capita's capability spans leading edge customer and
administration services, HR services, IT and strategic support, software and
property consultancy. For further information please visit our web site:
www.capita.co.uk
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